Although not entirely clear, even before the enactment of section 162(k) greenmail payments
were presumably nondeductible.
In addition to withdrawing TAM 8516002, TAM 8626001 specifically considered the treatment of greenmail payments
Observation: This decision could adversely affect corporations that paid and deducted greenmail under a survival theory by threatening the deductibility of greenmail payments
6 /PRNewswire/ -- Proposed limitations on greenmail payments
by Jefferson-Pilot Corporation (NYSE: JP) have been "reluctantly withdrawn" by Resources Planning Corporation (RPC), a long-term JP shareholder.
to attach too much importance to the fact that a greenmail payment